American Electric Power (NASDAQ:AEP) Price Target Raised to $95.00

American Electric Power (NASDAQ:AEP) had its price target lifted by UBS Group from $91.00 to $95.00 in a report released on Thursday morning,Benzinga reports. UBS Group currently has a sell rating on the stock.

Other analysts have also recently issued reports about the company. Morgan Stanley raised their price objective on American Electric Power from $102.00 to $108.00 and gave the company an “overweight” rating in a research report on Wednesday, September 25th. JPMorgan Chase & Co. raised their price target on American Electric Power from $108.00 to $112.00 and gave the company an “overweight” rating in a report on Friday, October 18th. Barclays lifted their price objective on shares of American Electric Power from $96.00 to $100.00 and gave the stock an “equal weight” rating in a research report on Tuesday, October 15th. Scotiabank increased their price objective on shares of American Electric Power from $99.00 to $108.00 and gave the company a “sector outperform” rating in a research report on Tuesday, August 20th. Finally, Bank of America lifted their target price on shares of American Electric Power from $97.00 to $98.00 and gave the stock an “underperform” rating in a report on Thursday, August 29th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, American Electric Power currently has a consensus rating of “Hold” and an average target price of $98.27.

American Electric Power Trading Up 0.1 %

Shares of NASDAQ:AEP opened at $96.40 on Thursday. American Electric Power has a 52-week low of $74.97 and a 52-week high of $105.18. The company has a debt-to-equity ratio of 1.47, a quick ratio of 0.48 and a current ratio of 0.57. The company has a market capitalization of $51.30 billion, a P/E ratio of 19.32, a price-to-earnings-growth ratio of 2.74 and a beta of 0.55. The company has a 50-day simple moving average of $100.51 and a 200 day simple moving average of $94.99.

American Electric Power Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 10th. Investors of record on Friday, November 8th will be paid a $0.93 dividend. This is a boost from American Electric Power’s previous quarterly dividend of $0.88. This represents a $3.72 annualized dividend and a dividend yield of 3.86%. The ex-dividend date of this dividend is Friday, November 8th. American Electric Power’s payout ratio is 74.55%.

Hedge Funds Weigh In On American Electric Power

A number of hedge funds have recently added to or reduced their stakes in AEP. German American Bancorp Inc. lifted its position in shares of American Electric Power by 12.6% during the 3rd quarter. German American Bancorp Inc. now owns 2,869 shares of the company’s stock valued at $294,000 after acquiring an additional 322 shares during the period. Intech Investment Management LLC raised its stake in American Electric Power by 17.5% in the third quarter. Intech Investment Management LLC now owns 47,653 shares of the company’s stock valued at $4,889,000 after purchasing an additional 7,114 shares in the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. lifted its position in American Electric Power by 695.9% during the third quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 90,155 shares of the company’s stock worth $9,250,000 after purchasing an additional 78,828 shares during the period. King Luther Capital Management Corp grew its stake in American Electric Power by 10.7% during the third quarter. King Luther Capital Management Corp now owns 6,924 shares of the company’s stock worth $710,000 after buying an additional 669 shares in the last quarter. Finally, Cornerstone Advisors LLC increased its holdings in American Electric Power by 1.2% in the 3rd quarter. Cornerstone Advisors LLC now owns 33,200 shares of the company’s stock valued at $3,406,000 after buying an additional 400 shares during the period. Institutional investors own 75.24% of the company’s stock.

American Electric Power Company Profile

American Electric Power Company, Inc, an electric public utility holding company, engages in the generation, transmission, and distribution of electricity for sale to retail and wholesale customers in the United States. It operates through Vertically Integrated Utilities, Transmission and Distribution Utilities, AEP Transmission Holdco, and Generation & Marketing segments.